Mr Cooper Group Inc (COOP)

[boarddork]

There is no actual "license" for the WA DOR. The only way to be licensed literally, is through the WA SOS. Once licensed, you get assigned a DOR account based on your SOS corporate identity. They are hand in hand. For the DOR account to be active, buy closed/dormant for tax purposes is with incorrect information somewhere along the line, or...a very interesting research topic. However, didnt the WMILT state they donated their cash residue to charity around September 2022(21) ? The DOR account, no tax...could exist simply due to WMILT needing to show tax exempt status for those donations due to charitable donations...in other words, it wasn't an excise taxable exchange of money transaction.

We don't have an income tax in WA. We do have a sliding scale Excise Tax of about 2% for most people's real estate transactions. I don't know all the ramifications of having a tax paying presence, without being a legal corporate entity allowed to conduct business in WA.

To really dig into it and speculate, I'd have to actually see filings or proof of these occurrences to understand the context. The only reason I can guess you'd need a DOR account without tax collection and without an SOS license, is if there is nothing coming in as a taxable transaction.

Seeing as how the WMILT is closed up shop, I'm inclined to believe that this is all just tidying and wrapping up WMILT, as WMILT is no longer a conduit for returns.